Porch (PRCH) Acquisitions (2020 - 2023)
Porch (PRCH) posted quarterly Acquisitions of $2.0 million for Q1 2023, down 60.12% year-over-year from $5.0 million in Q1 2022, and up 21.48% quarter-over-quarter from $1.6 million in Q4 2022.
Porch (PRCH) Acquisitions (2020 - 2023) Analysis & Trends
Porch (PRCH) has reported Acquisitions for 4 consecutive years, with $2.0 million the latest figure, recorded in Q1 2023.
- In Q1 2023, Acquisitions fell 60.12% year-over-year to $2.0 million; the TTM figure through Dec 2023 stood at $2.0 million (down 94.89% YoY), while the FY2023 annual figure was $2.0 million, down 94.89% from the prior year.
- Acquisitions grew to $2.0 million in Q1 2023 per PRCH's latest filing, from $1.6 million in the prior quarter.
- Across five years, Acquisitions topped out at $105.0 million in Q2 2021 and bottomed at $1.6 million in Q4 2022.
- Historically, Acquisitions has averaged $30.3 million across 4 years, with a median of $14.5 million in 2020.
- Annual changes were most pronounced in 2021 — Acquisitions jumped 1159.5% — and 2022, when it plunged 97.91%.
- Porch's Acquisitions stood at $6.2 million in 2020, then surged by 1159.5% to $77.7 million in 2021, then slumped by 97.91% to $1.6 million in 2022, then climbed by 21.48% to $2.0 million in 2023.
- Business Quant data shows PRCH's Acquisitions at $2.0 million in Q1 2023, $1.6 million in Q4 2022, and $5.0 million in Q3 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Acquisitions (Qtr) |
|---|---|---|---|---|---|
| 1 | Chubb | 134.48 Bn | 120.72 Bn | 9.13 Bn | - |
| 2 | Progressive | 123.71 Bn | 118.71 Bn | 9.04 Bn | - |
| 3 | Travelers Companies | 79.14 Bn | 55.39 Bn | 4.83 Bn | - |
| 4 | Allstate | 67.04 Bn | 28.31 Bn | 16.28 Bn | - |
| 5 | Fairfax Financial Holdings | 35.29 Bn | 35.29 Bn | - | -41.50 Mn |
| 6 | Cincinnati Financial | 26.69 Bn | 24.80 Bn | 2.39 Bn | - |
| 7 | Loews | 23.25 Bn | 947.16 Mn | 2.57 Bn | - |
| 8 | Markel | 23.10 Bn | 6.22 Bn | 2.83 Bn | 4.21 Mn |
| 9 | Assurant | 13.92 Bn | 11.89 Bn | 2.71 Bn | 1.20 Mn |
| 10 | Porch | 1.75 Bn | 1.55 Bn | 87.58 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 1.97 Mn |
| Dec 31, 2022 | 1.63 Mn |
| Sep 30, 2022 | 4.95 Mn |
| Jun 30, 2022 | 27.10 Mn |
| Mar 31, 2022 | 4.95 Mn |
| Dec 31, 2021 | 77.75 Mn |
| Sep 30, 2021 | 50.80 Mn |
| Jun 30, 2021 | 105.00 Mn |
| Mar 31, 2021 | 22.88 Mn |
| Dec 31, 2020 | 6.17 Mn |